Why Get a Loft Conversion?

In the past it was a simple decision when you needed more space. You had either started earning more money and could afford somewhere bigger and better or your family was growing in size and you were in need of a bit more room to accomodate for the patter of extra feet. The obvious choice was to move house to a bigger better home. Not any more.

Moving house has become an increasingly expensive affair, not only in raw cost but also in fees and extra payments that all start to add up. According to a study in 2006 the average cost of moving home
was around £12,500, after paying for surveys, legal fees, estate agents commission, removals and stamp duty. And that’s just the start.

This doesn’t even take into account the recent hike in house prices or the obvious cost of moving into a bigger, better place which often falls in and around the £30,000 mark. Sheesh. So what about a loft conversion i hear you scream.

Loft conversions are a fantastic way to add substantial value to your current property as well as making use of space that usually goes to waste. If you approach your loft conversion in the right way then it can certainly be a superb investment as well as an exciting project for you and your family.

In terms of value a loft conversion is a great investment if carried out correctly. Recent studies have suggested that loft conversions add four times the value of a new kitchen, bathroom or bedroom. Its value is all too apparent in the responses of estate agents when asked what they would do to add value to a property. No surprises here, a loft conversion came out on top. Whilst they are obviously a big expense, it is clear that in the long term, as long as your loft conversion is carried out in the right way you can reap the financial benefits. In the short term you can enjoy the extra space it provides and then when (and if) you’re ready to move on to an even bigger place you can guarantee that you’ll be asking for a substantially higher fee than pre loft conversion.

Sounds like a no brainer eh?